Ending the Agreement

The agreement can be settled at any time by the customer by paying the total balance outstanding to the lender.

The lender may allow the customer a rebate of the unused interest, however if the agreement is regulated agreement the minimum amount of rebate is laid down by law.  If the agreement is regulated, the customer may also have the right to voluntarily terminate the agreement before the final payment falls due and hand it back under the Consumer Credit Act 1974,

At the end of a Conditional Sale agreement, once all repayments have been made, title to the vehicle passes to the customer.